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December 22, 2024 |
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| Home > Small Business Lenders by State > Michigan Business Loan Sources > Canton, Business Loans > The Huntington National Bank Canton Business Loans > Landscape Architectural Services Loan | ||||
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SBA 7A Banks That Lend to Niles Businesses
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Growing Company Gets a Michigan Business LoanMichiganBank loans are available to Michigan firms through the SBA. In this case, an Ohio bank provides the loan. By giving the right information to The Huntington National Bank, this Niles, Michigan business was able to get an SBA loan. To get this loan, the entrepreneur gave the lending institution and the SBA a clear description of what the loan proceeds would be used for and how they intended to pay the loan back. SBA Loan Borrower COMPANY TYPE: LANDSCAPE ARCHITECTURAL SERVICES SBA Loan Lender THE HUNTINGTON NATIONAL BANK This lender provides SBA small business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 541320 - Landscape Architectural Services Loan Approval Date 9/3/2003 Loan Approval Gross Amount $611,000 Loan Approval from the SBA Of the total $611,000 loan amount, the SBA guaranteed $458,250. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 20 employees. The SBA loan application for the borrower indicated that the loan would help generate 10 new jobs. Start the Process for Getting an SBA Loan Today! Remember, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $611,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? About This SBA Loan Information: All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ. Related Links: Accountant's Role in Securing Financing Best Canton, Ohio Banks for Small Business
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